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ICBC favours big companies

ICBC favours big companies

Dalian: ICBC, one of the biggest state-owned banks in China, has made plain its preference for supporting larger shipping companies, and has warned it is likely to give up supporting smaller ones. “As the shipping industry and global economy is not good enough, we’d like to provide ship finance services to big companies or those who have stable cargo resources and long-term ship charter contracts.

Accident at Chengxi Guangzhou Shipyard, one dead

Accident at Chengxi Guangzhou Shipyard, one deadGuangzhou: A worker at CSSC Chengxi Guangzhou Shipyard fell off some scaffolding during maintenance work on a ship and died after he was sent to hospital. Local government has suspended the operation of the shipyard and is currentl...

Many Chinese ship recyclers facing bankruptcy

Many Chinese ship recyclers facing bankruptcyBeijing: Many ship recyclers in China are likely to go bankrupt in the coming 12 months the head of the nation’s ship recycling association has warned. Speaking with our sister site, Maritime CEO, Xie Dehua, president of the China...

Sinotrans & CSC Shipbuilding maintains bulker focus

Sinotrans & CSC Shipbuilding maintains bulker focusDalian: Sinotrans & CSC Shipbuilding Industry Corporation, the shipbuilding division of state run shipping giant Sinotrans & CSC, is putting its focus on a specific market segment to deal with the depressed shipbuilding market. A...

Call to expand shipbuilding capabilities

Call to expand shipbuilding capabilitiesDalian: China should expand its traditional shipbuilding industry and develop more types of ship to build, said Fang Shujia, deputy board chairman of China's Society of Naval Architecture and Marine Engineering.

MHI-MME signs license agreement with Chinese propeller manufacturer

MHI-MME signs license agreement with Chinese propeller manufacturerShanghai: Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME), an affiliate company of Japan’s Mitsubishi Heavy Industries (MHI), has concluded a licensing agreement with Changzhou Zhonghai Marine Propeller Co (CZZH) u...

China Shipowners’ Association warns Maersk and MSC: ‘Competition is needed’

China Shipowners’ Association warns Maersk and MSC: ‘Competition is needed’Dalian: After China voted against the P3 alliance of the world’s largest containerlines, the industry is waiting to see what Beijing has to say on 2M, the vessel sharing agreement between Maersk and MSC. The powerful China Shipown...

Blue Island Offshore wins Yamal subcontract

Blue Island Offshore wins Yamal subcontractShanghai: Shanghai Taisheng Wind Power announced that its subsidiary Nantong Blue Island Offshore has signed a subcontract with Sinopacific Offshore for the construction of Yamal FWP4 module. Blue Island Offshore will build the s...

Bulker sinks on Yangtze

Bulker sinks on Yangtze Shanghai: A bulk carrier, Kui Xia 609, sank on the Yangtze River yesterday due to its hull collapsing near Yichang of Hubei. The vessel was carrying about 5,000 tons of titanium ore from Chongqing to Zhenjiang. All the 10 crewmem...

ZPMC inks wind power installation vessel

ZPMC inks wind power installation vesselShanghai: Shanghai Zhenhua Heavy Industries (ZPMC) has signed shipbuilding contract with Chinese company CCCC Third Harbor Engineering for the construction of a wind power installation vessel. The vessel has a capacity of 1,000 t...

China overtakes Singapore in jack-up rig construction

China overtakes Singapore in jack-up rig constructionShanghai: China has overtaken Singapore as the world’s biggest builder of jack-up rigs, with 47% of the global orderbook compared to Singapore’s 33%. Between 2000 and 2010, yards in Singapore built 55% of global deliveries of...

ABB targets Chinese yards

Dalian: ABB, a global leader in power and automation technologies, is working on promoting the MNS iS Motor Control Center System to China’s shipbuilding industry. MNS iS Motor Control Center System delivers all the functions for control, prote...

New CANSI boss outlines priorities

Dalian: China’s shipbuilding Industry is facing a structural change with the recently released shipbuilding “white list” by the government, Guo Dacheng, president of China Association of National Shipbuilding Industry (CANSI) told SinoShip News...

ZPMC scores first accommodation platform contract

Shanghai: Shanghai Zhenhua Heavy Industries (ZPMC) has received orders for two jack-up accommodation platforms from Abu Dhabi-based National Petroleum Construction Company. The contract is ZPMC’s first ever accommodation platform contract.

Shiptec China underway

Dalian: Cementing its position as the second biggest maritime show in China, Shiptec China 2014 kicked off today with a record turnout in the northeastern coastal city of Dalian. With 430 exhibitors spread over 23,000 sq m, the show, founded in 199...

Dalian Inteh Group in talks with DSIC for LNG carriers

Dalian: Dalian Inteh Group, a chemical logistics provider is currently in talks with CSIC-affiliated Dalian Shipbuilding Industry Corporation (DSIC) for the construction of LNG carriers. An official from DSIC revealed to SinoShip News that Inteh Gro...

Business takes off for Russian Register in China

Dalian: The Russian Maritime Register of Shipping is experiencing extraordinary growth in China. According to the head of the business development division, Georgiy Bedrik, business activity in China has doubled in the past 18 months.

Chinese companies get controlling stake at Hambantota port

Dalian: Chinese state-owned companies will operate four new berths at Sri Lanka’s Hambantota Port once they are completed next year. The ‘Agreement on Key Terms for Supply, Operate and Transfer (SOT) of Container Terminal Hambantota Port Develop...

Dafeng port to build roro terminal

Shanghai: Jiangsu Dafeng port started the construction of a new roro terminal this weekend to develop the port as the largest car transportation hub in East China. The project includes one 70,000 tons-class terminal, which will take a year to buil...

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Introduction

SinoShipNews is part of SinoShip, the hub for all things China maritime – whether it be hard copy, online, data or events. 

Our stated goal is simple – to be the global platform for Chinese shipping. 

With 12 correspondents across six cities in Greater China, SinoShip is the best placed media source to report on China's fast evolving maritime scene. Our network includes journalists in Beijing, Shanghai, Hong Kong, Taipei, Dalian and Guangzhou. 

As well as a daily news wrap, this site contains a weekly 'In Focus' section which is a more in depth feature plus you can read the latest issue of SinoShip magazine by clicking the magazine cover below. 
 
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Autumn 2014
Summer 2014

In Focus

Do we need a new canal?

Andy Lane and Charles Moret from Container Transport International Consultancy on the merits of the Chinese-funded Nicaragua Canal

Do we need a new canal?

As controversy and speculation continues to surround the planned Nicaragua Inter-Oceanic Canal, we take a closer look at what this might mean to container shipping if it does in fact go ahead as planned with construction potentially starting later this year.

 

Canals - Profitable Business

In 2013, Panama Canal earned more than $1.8bn from ship tolls, of which around $1.4bn was the net contribution to the state of Panama, a highly profitable business. Of the total of 12,045 transits recorded in 2013, 26% (3,103) were made by container vessels, contributing a massive 52% of the total ACP revenue.

 

Liner Network Complexity

A container line’s network is highly complex, with multiple crossing rotations exchanging cargo between each other as they travel end to end in their respective routes. With canal passages being extremely expensive, lines make good use of transhipment points at the ends of canals, where they consolidate volumes to obtain maximum utilisation of the fewest possible ships which they need to transit canals to create their end-to-end products.

Designing a network based on two canals within the same region would mean a quantity of containers requiring an additional transhipment, adding both cost and also time to the product, so ideally a line (or alliance) will use just one.

 

Liner routes requiring a Central American canal transit

Presently the largest (by volume) is the Asia-US East Coast, followed by Europe-US West Coast trades, and these services will be able to gain some significant sailing distance reductions through using Nicaragua. The more emerging trades of West Coast Latin America to US East Coast and Europe are by contrast better routed through Panama. The vessel size, and thereby costs of the East-West routes o ...   More>>